"banking group"

means a group consisting of two or more persons, whether natural or juristic persons, that are predominantly engaged in financial activities and one or more of which is a bank and—

(a)	each of which persons is an associate, as defined in section 37(7), of a any one of the others; or

(b)	which persons are so interconnected that should one of them experience financial difficulties, another one or all of them would likely be adversely affected,

irrespective of whether any of those persons is domiciled in the same country as any of the others;

[Definition inserted by section 1(a) of Act No. 36 of 2000]